Say, for instance you decide to buy residential multi's.

and its just a home just like you would buy in CA.what you have though are local market issues that many times your not aware of until you buy.for instance.1. you have to be careful with property tax's  many time when you look them up the property is in homeowner deferral and after you buy them the tax's go way up.. and the profroma's were run on current tax's.. 

Originally posted by Account Closed:that is crazy. it seems like there's more to the story... 2% for a clean title which doesn't sound clean some states have excise or transfer tax like this.For instance in Washington state you have excise tax of 1.8 %  that the seller pays ( customary for seller )  So when you sell your 1 million dollar home in Seattle for instance the Seller will have a 18,000 . 

For instance, I purchased a duplex ~7 years ago.

There are very few instances in very few states or cities where I would ever recommend it.

For instance you could get 80%LTV with the rehab costs on a construction loan for a year at interest only...or many other combinations. 

With that being said, how on earth does this famous quote have anything to do with real estate and/or our real estate business’?

They aren't located in Des Moines area and I don't know what court system this would go through if it gets to that point.I think the easiest way to communicate the details is to copy in some correspondence, first my draft letter to the attorney general:..............................................................................AG Draft letter:We have contracted / engaged with this company on 4 separate instances.

For instance if the unit costs $35,000 you would make $700 in rents.

For instance, the loan is $50K but the property is only worth $30K, you might be inclined to pay more than say 30% of the property value since the Guaranty in this case is $22,500.